Nvidia revenue up 72% as Navitas margins turn negative

Nvidia reported its eighth straight quarter of rising revenue, while Navitas Semiconductor’s sales have slipped into a downward spiral. The contrasting paths are a sharp reminder of how quickly fortunes can diverge in the AI chip race.

Nvidia’s steady growth shows the company is winning the big contracts. Navitas, once reliant on China, is now trying to pivot to AI power chips but has yet to stabilize its numbers. Investors are watching whether Navitas can turn things around or if Nvidia’s lead will keep widening.

Nvidia’s latest quarter ended April 26 with a 72 % net income margin and fresh deals in South Korea. Analysts expect sales to jump from $81.6 billion to $91 billion next quarter. Navitas, reporting in June, posted a negative 10 % gross margin and faces ongoing patent battles. Its China sales once made up 60 % of revenue before it shifted focus to AI.

The gap matters because revenue trends reveal which company is truly scaling with demand. Nvidia’s momentum suggests it’s locking in customers and expanding. Navitas needs to prove its new strategy can deliver consistent growth or risk falling further behind.